Financial Markets and Economy
Stock Futures Slip With Copper as Angst Over China Is Revived (Bloomberg)
Renewed anxiety over Chinas economy continued to be felt in financial markets Wednesday, with U.S. and Japanese stock index futures slipping with copper and Australias currency ahead of data on prices from Asias largest economy.
Under Armour shares slide as a major executive announces his departure (Business Insider)
Shares at athletic apparel company Under Armour are trading down 2% at 5 p.m. Eastern Time, on news that company Chief Financial Officer and Chief Operating Officer Brad Dickerson will be stepping down.
Currency World Splits Into Winners, Losers on China Trade Woes (Bloomberg)
China is again calling the shots for foreign-exchange traders.
Here are the more than 99 bottles of beer in the AB InBev and SABMiller deal (Market Watch)
Anheuser-Busch InBev SA and SABMiller PLC have agreed on the initial terms needed to merge, in a deal that would create the world’s largest brewer accounting for about a third of the world’s beer sales.
Sounds huge? It is. As the following chart illustrates, the new company would own dozens of the world’s most popular beer brands, posing a challenge to regulators. To be clear, this covers most of the companies’ brands, but it’s not a complete list.
Intel profit falls 6.3 percent (Business Insider)
Intel Corp <INTC.O> reported a 6.3 percent fall in quarterly profit on Tuesday, weighed down by continued weak demand for chips used in personal computers.
Here's Why the Fed Needs to Go Slow on Interest-Rate Increases (Bloomberg)
U.S. monetary conditions are still tight, even as the Federal Reserve holds interest rates near zero, according to new research from the central bank that challenges the assertion of Fed officials including Chair Janet Yellen that policy is highly accommodative.
It's never been more expensive to protect your assets against a 'Black Swan' (Business Insider)
We have proof: everybody on Wall Street has read Nassim Taleb's book "The Black Swan."
What to expect from GE’s earnings (Market Watch)
General Electric Co. is expected to report third-quarter earnings before the bell on Friday.
Investors are counting on GE GE, -0.78% to report progress on its ongoing plan to return to its industrial roots and sell nearly all of its U.S. financial-services operations.
How to Make Money in Music (The Atlantic)
Since at least 1908, when the songwriter Jack Norworth immortalized Cracker Jack in “Take Me Out to the Ball Game,” brand names have wormed their way into consumers’ minds through popular music. But their prevalence atop today’s charts—from Drake divulging his soda preference (“I avoided the coke game and went with Sprite instead”), to Rihanna name-checking her sunglasses (“Got my Ray-Bans on and I'm feelin’ hella cool tonight”), to the boy band 5 Seconds of Summer crooning about a pair of briefs (“You look so perfect standing there in my American Apparel underwear”)—hints at how musicians are adapting to a changing marketplace.
No Sea Change for Oil (Bloomberg)
There’s something in the water. It’s oil. On boats. That isn’t good if you’re betting on prices to rally.
The biggest deal of the year couldn't stop the FTSE 100 falling (Business Insider)
The FTSE 100 closed down 0.45% in London on Tuesday despite a stellar day for brewer SABMiller.
Gold extends gains to a 3rd session in a row (Market Watch)
Gold futures settled with a modest gain on Tuesday as continued delays to an expected Federal Reserve interest-rate increase, as well as concerns over the outlook for U.S. stock market in the midst of earnings season, helped prices score a third session gain in a row.
10 reasons stocks have rallied in October (Business Insider)
Stocks have sort of stopped falling.
Barclays is giving a 'conflicting message' with its new CEO and investors aren't happy (Business Insider)
Barclays stock took a bit of dive today as investors mulled over whether hedge fund manager and Wall Street veteran James 'Jes' Staley is about to take the top job at the bank.
The only thing in China’s trade data that’s growing is the one thing that shouldn’t be (Quartz)
China’s trade data have been a reliable monthly horror show over the last year, and September was no exception (link in Chinese). Exports fell nearly 4% from year-earlier levels, while imports dove an astonishing 20%.
Canada Stocks Fall a 2nd Day as Commodities Slide on China Data (Bloomberg)
Disappointing data from China battered Canadian stocks, weighing again on a market that’s suffered one of the biggest hits among global equities as commodity prices slump.
Some parts of the junk bond market are more disaster-y than others (Business Insider)
There's a bit of a freak-out going on about the junk bond market right now.
The housing-market bulls could have the story wrong (Business Insider)
The comeback of the US housing market has been one of the most bullish themes of the post-financial-crisis era.
And for the bulls, it continues to be a bright spot in an otherwise slowing US economy in a slowing global economy.
Politics
Is Bernie getting the short shrift from the media? (CNN)
When Bernie Sanders takes the stage Tuesday night for his first Democratic presidential debate, he'll be guaranteed something that hasn't always easy for him to come by: A national audience of millions.
Scant media coverage of Sanders' campaign has been a persistent complaint among some of his supporters. And Sanders himself doesn't shy away from critiques of what he calls "corporate media."
Jeb Bush and Marco Rubio are about to headline dueling New York fundraisers (Business Insider)
Two heavyweight Republican presidential candidates are set to invade New York City this week for a round of fundraisers, about two weeks ahead of the next Republican presidential debate.
US Sen. Marco Rubio (R-Florida) is scheduled to headline a fundraiser Wednesday night hosted by Philip Rosen, the co-head of the real-estate practice at Weil, Gotshal and Manges LLP. The fundraiser is $1,000 per person or $2,700 to be a co-host, according to the invitation obtained by Business Insider.
Social Security Benefits Are Eroding, Thanks to an Inadequate Cost of Living Adjustment (COLA) (Huffington Post)
On October 15, the Social Security Administration will announce some news that will be distressing to more than one in four households: there will be no Social Security cost of living adjustment ("COLA") for 2016. This is no small matter. The purpose of the annual adjustments is to ensure that Social Security's benefits don't lose value over time. They are intended to keep seniors and other beneficiaries afloat, to allow them to tread water. But they are not floating; they are sinking.
Technology
Future Bikinis May Clean Up Oceans with Every Swim (PSFK)
The Sponge Suit is swimwear made from a novel material that filters out pollutants from water so you keep the sea clean while you swim. The material is very hydrophobic but will bond to other compounds upon contact and it keeps pollutants in place until you do your “laundry.”
Health and Life Sciences
Am I more likely to get cancer because I'm tall? (BBC)
"Tall people more likely to get cancer", boomed the headlines, "Higher cancer risk for tall people". But how strong is the link between being tall and getting cancer – and what might explain it?
A Dissolving Heart Stent Works, But Is It Any Better For Patients? (Forbes)
A dissolvable heart stent designed to leave behind a restored blood vessel two to three years after placement may soon be available to U.S. patients with heart disease. The biodegradable stent, developed by healthcare company Abbott, performed similarly to a conventional stent in a human clinical trial, but that may not be enough to persuade experts that the device is better.
Women With Essure Contraceptive Implant Needed More Surgeries, Study Finds (NY Times)
Women who sought permanent sterilization through a contraceptive implant called Essure were 10 times as more likely to be back for surgery within a year than women who had their tubes tied, according to a new study of 52,326 women sterilized in hospitals and ambulatory surgery centers in New York State from 2005 to 2013.
Life on the Home Planet
Tropical Storm Koppu in Pacific Threatens Philippines, East Asia (Bloomberg)
Tropical Storm Koppu, which formed Tuesday in the Pacific Ocean, is heading west in a direction that may bring it ashore in the northern Philippines later this week.
Poorest farmers 'need helping hand' (BBC)
Society must offer the world's poorest farmers a helping hand in order to break the cycle of poverty, a key United Nations report has said.
The State of Food and Agriculture 2015 report identified social protection schemes as a "critical tool" to eradicate hunger.
